NOT BUYING THIS SHIT

Everything about the open and the subsequent rally reeks of a bottom. You get an opening flush, the weak are disabled and killed, eaten by the strong — life goes on. But this drop in crude, although clownish in its demeanor and candor, is alarming.

There is a thousand reasons for the drop — but the only one that counts is economic weakness.

For the love of God, we’re about to get tagged with a $4 handle on WTI. How can you sit there idle?

I know, bull markets are often nourished with the blood of the coy and the stupid. This is how Commodore Vanderbilt made his fortune. But I must say, this does have a feeling of being too good to be true. I just got done selling out all of my stocks yesterday, so I think I’ll pass on buying the first dip.

Politicians were just feathering the nests of the already asset-rich, just as they have been through this entire expansion. Assuming they acted as they did because they thought the tax cuts would be “beneficial” to the economy over time is crazy talk.

There is a differnece between seeing things through a political filter and observing things that are political in nature. For example, beleiving that tax breaks for the rich *always* or *never* benefit an economy is a “seeing things politically.*

For example, iif business were eager to make investments in capital assets, R&D, infrastructure, expand production etc., but could not obtain funds to do so, then perhaps a tax break for investors would be beneficial. However, we are *presently* in an economy where the S&P had record earnigns and decided the best investemtn for that was buyign their own stock. We also have near-generational low interest rates. Anybody with a basic understanding on economics would realize that if these same business received more money, it would just be used to purcahse stocks, bonds, real estate and other assets solely for their potential capital gains.

Now if you *still* can’t see the difference between what I wrote and a truely political PoV, then blame your parents.

Well done. Don’t get sucked in by these “sucker’s rallies.” Everyone is just itching to call bottom and barrel into the market. Those guys need to die first before a true bottom will be in. That could take months.